Consolidation, Merger, Sale or Purchase of Assets. i. Dissolve, liquidate or wind up its affairs, or enter into any transaction of merger or consolidation; provided however, that, so long as no Event of Default or Incipient Default would be directly or indirectly caused as a result thereof, Borrower may merge or consolidate with any of its Subsidiaries, provided that Borrower is the surviving entity; ii. Make an Asset Disposition that would have a Material Adverse Effect on the financial condition of Borrower.
Appears in 4 contracts
Samples: Master Loan Agreement (Pope Resources LTD Partnership), Master Loan Agreement (Pope Resources LTD Partnership), Master Loan Agreement (Pope Resources LTD Partnership)
Consolidation, Merger, Sale or Purchase of Assets. i. DissolveOther than Timber Funds, dissolve, liquidate or wind up its affairs, or enter into any transaction of merger or consolidation; provided however, that, so long as no Event of Default or Incipient Default would be directly or indirectly caused as a result thereof, Borrower may merge or consolidate with any of its Subsidiaries, provided that Borrower is the surviving entity;
ii. Make an Asset Disposition that would have a Material Adverse Effect on the financial condition of Borrower.
Appears in 1 contract
Samples: Master Loan Agreement (Pope Resources LTD Partnership)
Consolidation, Merger, Sale or Purchase of Assets. i. Dissolve(i) Other than Timber Funds, dissolve, liquidate or wind up its affairs, or enter into any transaction of merger or consolidation; provided however, that, so long as no Event of Default or Incipient Default would be directly or indirectly caused as a result thereof, Borrower may merge or consolidate with any of its Subsidiaries, provided that Borrower is the surviving entity;
(ii. ) Make an Asset Disposition that would have a Material Adverse Effect on the financial condition of Borrower.
Appears in 1 contract
Samples: Master Loan Agreement (Pope Resources LTD Partnership)